A rare opportunity to secure both a high-yielding investment and a magnificent home of grand proportions on approximately 815sqm of prime corner land (36.58m frontage).
Currently operated as a long-standing, professionally managed rooming house, the property is leased to seven tenants and generates rent of $1,755 per week ($91,260 per annum) across seven separate income streams (landlord to cover utilities and usual outgoings), delivering immediate and substantial cash flow.
For investors, it represents a compelling addition to a portfolio or self-managed super fund. For owner-occupiers, it offers remarkable scale and flexibility, with the ability to easily revert to a substantial single-family residence without structural alteration.
Constructed circa 1980, this solid brick, tiled roof home was originally built on a grand and lavish scale. It offers approximately 350sqm of internal living space and close to 450sqm of combined indoor and outdoor undercover area across two expansive and versatile levels.
The original floorplan comprised four bedrooms, three bathrooms, four living areas and double side-by-side garaging. The current configuration provides seven bedrooms, while still retaining generous lounge, dining and living/games zones.
Soaring raked ceilings, rooms of generous proportions, four balconies, a built-in bar and a cellar reflect the home's impressive architectural presence. Split system air conditioning features throughout and the kitchen is well equipped with gas cooking, dual sinks and a dishwasher. The home has been well maintained and remains in very good condition.
Outdoors, the low-maintenance yet highly usable grounds further enhance appeal. A paved backyard with pitched-roof verandah creates an all-weather entertaining space, while the inground swimming pool and surrounding terrace form the lifestyle centrepiece - perfect for summer gatherings and relaxed evenings at home.
Positioned just minutes by car from Seacliff and Brighton beaches, a short commute to Westfield Marion and within walking distance of Flinders University, the location is both convenient and desirable.
Whether your focus is business, pleasure, or the flexibility to enjoy both, this is a substantial and strategic offering in one of the south's most connected suburbs.
Registered Land Agent (RLA) 266 854.
